New York Public Authorities Code § 2800

Annual reports by authorities
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§ 2800. Annual reports by authorities. 1. State authorities. (a) For\nthe purpose of furnishing the state with systematic information\nregarding the status and the activities of public authorities, every\nstate authority continued or created by this chapter or any other\nchapter of the laws of the state of New York shall submit to the\ngovernor, the chairman and ranking minority member of the senate finance\ncommittee, the chairman and ranking minority member of the assembly ways\nand means committee, the state comptroller, and the authorities budget\noffice, within ninety days after the end of its fiscal year, a complete\nand detailed report or reports setting forth: (1) its operations and\naccomplishments; (2) its financial reports, including (i) audited\nfinancials in accordance with all applicable regulations and following\ngenerally accepted accounting principles as defined in subdivision ten\nof section two of the state finance law, (ii) grant and subsidy\nprograms, (iii) operating and financial risks, (iv) current ratings, if\nany, of its bonds issued by recognized municipal bond rating agencies\nand notice of changes in such ratings, and (v) long-term liabilities,\nincluding leases and employee benefit plans; (3) its mission statement\nand measurements including its most recent measurement report; (4) a\nschedule of its bonds and notes outstanding at the end of its fiscal\nyear, together with a statement of the amounts redeemed and incurred\nduring such fiscal year as part of a schedule of debt issuance that\nincludes the date of issuance, term, amount, interest rate and means of\nrepayment. Additionally, the debt schedule shall also include all\nrefinancings, calls, refundings, defeasements and interest rate exchange\nor other such agreements, and for any debt issued during the reporting\nyear, the schedule shall also include a detailed list of costs of\nissuance for such debt; (5) a compensation schedule, in addition to the\nreport described in section twenty-eight hundred six of this title, that\nshall include, by position, title and name of the person holding such\nposition or title, the salary, compensation, allowance and/or benefits\nprovided to any officer, director or employee in a decision making or\nmanagerial position of such authority whose salary is in excess of one\nhundred thousand dollars; (5-a) biographical information, not including\nconfidential personal information, for all directors and officers and\nemployees for whom salary reporting is required under subparagraph five\nof this paragraph; (6) the projects undertaken by such authority during\nthe past year; (7) a listing and description, in addition to the report\nrequired by paragraph a of subdivision three of section twenty-eight\nhundred ninety-six of this article of all real property of such\nauthority having an estimated fair market value in excess of fifteen\nthousand dollars that the authority acquires or disposes of during such\nperiod. The report shall contain the price received or paid by the\nauthority and the name of the purchaser or seller for all such property\nsold or bought by the authority during such period; (8) such authority's\ncode of ethics; (9) an assessment of the effectiveness of its internal\ncontrol structure and procedures; (10) a copy of the legislation that\nforms the statutory basis of the authority; (11) a description of the\nauthority and its board structure, including (i) names of committees and\ncommittee members, (ii) lists of board meetings and attendance, (iii)\ndescriptions of major authority units, subsidiaries, and (iv) number of\nemployees; (12) its charter, if any, and by-laws; (13) a listing of\nmaterial changes in operations and programs during the reporting year;\n(14) at a minimum a four-year financial plan, including (i) a current\nand projected capital budget, and (ii) an operating budget report,\nincluding an actual versus estimated budget, with an analysis and\nmeasurement of financial and operati

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